Private Advisor Group LLC lifted its holdings in Yum! Brands, Inc. (NYSE:YUM) by 13.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,729 shares of the restaurant operator’s stock after buying an additional 2,836 shares during the quarter. Private Advisor Group LLC’s holdings in Yum! Brands were worth $1,797,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of YUM. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Yum! Brands in the second quarter valued at approximately $102,713,000. Bank of New York Mellon Corp raised its holdings in Yum! Brands by 18.2% during the third quarter. Bank of New York Mellon Corp now owns 7,910,196 shares of the restaurant operator’s stock worth $582,270,000 after purchasing an additional 1,220,537 shares during the last quarter. Prudential Financial Inc. raised its holdings in Yum! Brands by 224.3% during the second quarter. Prudential Financial Inc. now owns 1,549,775 shares of the restaurant operator’s stock worth $114,311,000 after purchasing an additional 1,071,899 shares during the last quarter. Frontier Capital Management Co. LLC acquired a new position in Yum! Brands during the second quarter worth $56,123,000. Finally, Vanguard Group Inc. raised its holdings in Yum! Brands by 3.3% during the second quarter. Vanguard Group Inc. now owns 22,604,873 shares of the restaurant operator’s stock worth $1,667,335,000 after purchasing an additional 711,910 shares during the last quarter. Hedge funds and other institutional investors own 73.90% of the company’s stock.
In other news, CFO David W. Gibbs sold 4,318 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $80.56, for a total value of $347,858.08. Following the completion of the sale, the chief financial officer now owns 39,396 shares of the company’s stock, valued at $3,173,741.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Brian R. Niccol sold 927 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $83.46, for a total value of $77,367.42. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,833 shares of company stock valued at $711,907. 7.38% of the stock is owned by company insiders.
Yum! Brands, Inc. (NYSE YUM) traded up $0.14 during mid-day trading on Thursday, reaching $83.24. The company’s stock had a trading volume of 1,573,800 shares, compared to its average volume of 2,211,351. Yum! Brands, Inc. has a 1 year low of $62.36 and a 1 year high of $84.29. The company has a debt-to-equity ratio of -1.55, a quick ratio of 1.41 and a current ratio of 1.42. The stock has a market capitalization of $28,004.17, a P/E ratio of 29.68, a PEG ratio of 2.32 and a beta of 0.89.
Yum! Brands (NYSE:YUM) last posted its quarterly earnings results on Thursday, November 2nd. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.01. Yum! Brands had a negative return on equity of 17.19% and a net margin of 18.51%. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the previous year, the business earned $1.09 earnings per share. The firm’s quarterly revenue was down 5.4% compared to the same quarter last year. equities analysts predict that Yum! Brands, Inc. will post 2.81 earnings per share for the current fiscal year.
Yum! Brands announced that its Board of Directors has authorized a stock buyback program on Friday, November 17th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the restaurant operator to buy shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Wednesday, November 15th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Tuesday, November 14th. Yum! Brands’s dividend payout ratio (DPR) is presently 37.04%.
A number of equities analysts have recently weighed in on the company. Robert W. Baird boosted their price target on Yum! Brands from $78.00 to $83.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd. CIBC boosted their price target on Yum! Brands from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, September 8th. Zacks Investment Research cut Yum! Brands from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Cowen reissued a “buy” rating and issued a $85.00 price target on shares of Yum! Brands in a report on Friday, September 8th. Finally, J P Morgan Chase & Co reissued a “buy” rating and issued a $80.00 price target on shares of Yum! Brands in a report on Monday, October 2nd. Twelve investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $80.95.
About Yum! Brands
YUM! Brands, Inc is engaged in restaurant business. As of December 31, 2016, the Company operated or franchised over 43,500 restaurants in more than 135 countries and territories operating under the KFC, Pizza Hut or Taco Bell (collectively the Concepts) brands. The Company operates through three segments: The KFC Division, which includes the operations of the KFC concept around the world; The Pizza Hut Division, which includes the operations of the Pizza Hut concept around the world, and The Taco Bell Division, which includes the operations of the Taco Bell concept around the world.
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